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September 2019 Market Update

 

Residential sales across B.C. up 12.4% from last year: BCREA

With home sales making a significant year-over-year jump in the Lower Mainland in July, residential transactions for the whole of B.C. followed suit, according to stats released August 13 by the B.C. Real Estate Association (BCREA).

"B.C. home sales climbed higher for the first time in 18 months on a year-over-year basis in July," said Cameron Muir, BCREA's chief economist. "Households appear to be adjusting to the tighter credit environment as the shock of the B20 stress test dissipates."

The association reported that housing demand has "trended higher since March, rising 21 per cent on a seasonally adjusted basis."

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Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single family homes in cities across BC.

 

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Surrey

North Vancouver

Parksville

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Victoria

Vernon

West Vancouver

Whistler

Here's what you need to know about the First-time Home Buyer Incentive

The program is aimed at making it easier for young people to buy their first home by lowering new buyers' monthly mortgage payments. Introduced by the Liberals in their 2019 budget, the federal government will absorb five per cent of monthly mortgage payments on existing homes and 10 per cent on new builds.

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B.C. Real Estate News

LOWER MAINLAND

Vancouver housing sales rise while prices fall to 27-month low (The Globe and Mail)

Greater Vancouver real estate sales return to ‘more typical levels' in August: REBGV (Global News)

WHISTLER

New company takes over Cleveland Gardens project in downtown Squamish (The Chief)

VICTORIA & VANCOUVER ISLAND

Region's real estate prices, sales, inventory drop off during August (Times Colonist)

Real estate market mixed in August (My Comox Valley Now)

OKANAGAN

Market showing a pulse (Okanagan Edge)

 
 

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